Property score
61.3
Fair
Overall 61.3 · Compared with neighbourhood average
1,040 sqft (bottom 47%) · Built in 1965 (2 yrs newer than avg)
Located in a above-average income area with median household income of ~72.5k
Transit 86.0 · 4-min walk to transit with 4 nearby routes · Within 500m: 1 school, 2 shops, 8 parks, and 1 bank/ATM nearby
Living Area
Near average
1% smaller than neighborhood avg.
Year Built
Below average
2 yrs newer than neighborhood avg.
Mother tongue
English · 63%Tagalog · 15%
Past 10 years Margaret Park sales snapshot (~80% of all data)
234
400k
$328/sqft
1963
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61.3 is composed by the two sections below.
Property Score
Community Score
Margaret Park
How to read: Share of sales in each ~$50k price band for “margaret park” (Detached houses (non-condo), 2024). The tallest band is the mainstream budget range; multi-year view shows how that band shifts over time.
Sales-to-New-Listings
1,196
sold
1,852
new listings
Manitoba Real Estate Association March public data on New Listings and Properties Sold across Manitoba
Sold Above Asking
Majority sold above asking
68 of 104 sold above asking · Manually compiled from MLS Winnipeg sold listings, May 4 – May 10, 2026
With a Sales-to-New-Listings ratio of 64.6% and 65% of homes selling above asking price, demand is clearly outpacing supply. Buyers are competing, which is putting upward pressure on prices.
Dissemination area (DA) — Statistics Canada 2021 Census · Area: #46110766
$73K
Median household income
$93K
Average household income
8%
Low income (LIM-AT)
0.2
Income inequality (Gini)
2.7
P90 / P10 ratio
32%
Single-person households
24%
Families with children
Figures are for the census dissemination area containing this listing location; sources and margins may apply per Statistics Canada.
Rank by land area, larger = better rank
Rank by year, newer = better rank
Rank by living area, larger = better rank
Rank by assessed value, higher = better rank
Bar: fill length ≈ share of peers you outperform. Fill color reflects tier (red / blue / amber / gray). “Avg” is a rough median benchmark for comparable homes in that scope.
To see this property on a map next to nearby houses—and compare year built, living area, assessed value, and lot size in detail—open the neighbourhood analysis page.
Nearby stops, routes & transit score
Dining, education, healthcare, shopping & more
424 Armstrong Avenue — 14 amenities found within 500 m, across 6 categories, including 1 education (nearest 235 m), 2 shopping (nearest 229 m), 8 parks (nearest 124 m).
Margaret Park · WPS public data · 2026
Annual incidents
16
2026
vs. city avg
-46%
relative to avg
Year-over-year
▼ -89%
vs. prior year
Primary type
Property
63%
Same street
Same area
City-wide
| Metric | Same street | Same area | City-wide |
|---|---|---|---|
Sold price | Top 24% | Top 29% | Bottom 48% |
Request exact sold prices and history by email
Address · Year Built · Living Area
Address · Distance
Address · Tax-Assessed Value
Property Overview
This 1,040 sqft bungalow on a 5,025 sqft lot at 424 Armstrong Avenue presents a solid, mid-century home in Winnipeg's Margaret Park neighbourhood. Built in 1965, its key appeal lies in its established setting and above-average assessed value relative to its immediate area, suggesting a well-maintained property or desirable lot. The home last sold in the $300k-$350k range in 2023. It suits practical buyers looking for a move-in-ready home in a mature neighbourhood without the premium of a newer build, and could be a good fit for first-time homeowners, small families, or downsizers seeking single-level living.
Key Characteristics & Appeal
The home’s living space is modest but typical for the area, offering a functional layout. Its standout metric is the assessed value, which ranks in the top 28% on its own street and top 21% in Margaret Park, indicating it is viewed as a higher-value property among its close peers. This could be due to updates, a favourable lot, or simply sustained care. The lot size is also slightly above average for the street, offering a bit more outdoor space. Its appeal is grounded in stability and neighbourhood integration rather than standout size or newness. It would suit a value-conscious buyer who prioritizes a proven location and a home that holds its worth well locally over cutting-edge features or expansive square footage.
Frequently Asked Questions
1. How does the assessed value compare to the likely market price?
While the assessed value for tax purposes is $34,500, the home sold for between $300,000 and $350,000 in 2023. Assessed value is not a direct indicator of market price but is used for calculating property taxes.
2. What does the "above average" assessed value ranking practically mean for me?
Ranking in the top 21-28% for assessed value in the immediate area often suggests the municipality views this property as having higher worth than many neighbours. This can sometimes correlate with better maintenance, desirable lot attributes, or improvements, but it also means your property tax bill will likely be higher than on a similar-sized home with a lower assessment.
3. Is the living area considered small?
At 1,040 sqft, it is slightly below the average for similar homes on Armstrong Avenue (1,131 sqft) but is very close to the average for Margaret Park (1,047 sqft). It represents a comfortable size for a bungalow, efficient for living without being overly spacious.
4. The home is nearly 60 years old. What should I consider?
A home from this era is common in Winnipeg. It's crucial to have a thorough inspection focusing on the aging components typical of mid-60s construction, such as the roof, plumbing, electrical systems, and foundation. The upside is that the neighbourhood's character and lot sizes are well-established.
5. Can I get the exact historical sale price?
The public data shows a sale price range. The exact, precise sale price is available by request from the listing service. You can provide your email to receive that specific figure directly.
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